How Insane Is It? The Truth About Our National Debt

While the CONgress plays its insane political games, we, in the end, will be stuck with the mess they are making. The only hope that currently exists that would allow us to recover this economy was the hope everyone would allow the time necessary to “unravel” the mess. If the “fools” on-the-hill act irrationally and erode the confidence that everyone is tenaciously clinging to at this time, then all bets are off and the panic is on. That panic will send the tittering world economy crashing. The house of cards will fall like a controlled demolition. That is in no way an exaggeration. Closure of the government, even for a day, signals a default on the part of the US Government. Failure to raise the debt ceiling creates immediately “the day of reckoning”.

The U.S. national debt continues to surge higher every day and is now at $16.95 trillion and will soon surpass the $17 trillion mark. When Standard & Poor’s reduced the U.S.’s credit rating from AAA to AA-plus, it was the first time the U.S. ever suffered a downgrade to its credit rating. The S&P took this action despite the plan Congress passed at the time to raise the debt limit. The downgrade, S&P said, “reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.”

However, the real national debt is higher, much much higher than $17 trillion! It’s those medium- and long-term debt problems that worry economics professors and investors like Laurence J. Kotlikoff, who served as a senior economist on President Reagan’s Council of Economic Advisers. He says the national debt, which the U.S. Treasury has accounted at about $17 trillion, is just the tip of the iceberg.

“We have all these unofficial debts that are massive compared to the official debt,” Kotlikoff tells David Greene, guest host of weekends on All Things Considered. “We’re focused just on the official debt, so we’re trying to balance the wrong books.” “If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap,” he says. “That’s our true indebtedness.”

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To put this in terms that we the taxpayers and official debt holders can understand that means each of US is on the hook for about $1.5 MILLION! No, that is not a mistake in the math. So to put it other way, let’s assume each individual taxpayer consistently earns $40,000 per year, this number represents 100% of your income for about 38 years! Essentially ALL of your income for ALL of your working life. This is how insane reality is right at the moment.

This reality cannot exist without each of us being indentured slaves, so we must pay attention to what is going on and we must intervene to stop this madness. So many times we are asked, “well what can I do anyway?” We always respond by saying if you do nothing what will happen?

First and foremost, this reality is not tenable in any manner. If we face reality, then the US and each one of us is bankrupt, period. We have to discharge this debt, period. Secondly, those politicians and the Fed, and the banksters who really created this reality are guilty of gross malfeasance and should be immediately removed from their respective positions. Those individuals who are proven to be criminally involved should be brought to justice and processed by due process of law for their crimes.

Then and only then can we right the ship and get the world’s economy back on at least some sort of track of reasonableness.

Thomas Jefferson was absolutely right when he said: “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

Any questions?

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What We Need Now is Passionate, but Certain Justice and Accountability

In my last article, I talked about the need to DEFRAG our minds. To remove the “engineered” fear, resentment, anger, and greed that we have been “programmed” to buy into to allow the “status quo” power elite to continue their rape of the world’s economy and enslave the majority of us. I assure you I understand that statement does seem a little “out there”, but it is the truth and the historical facts reveal the truth of that statement.

We saw a slight glimpse of our power as we, on a global basis, stepped up and said no to slinging missiles at Syria. Now we have to turn that same conscious determination toward the politicians and banksters who are raping our economies. We need to counter the armies of influence that sends its brigades of Wall Streeter’s, lobbyists, AIPAC, Harvard and Stanford MBA’s,  and the Fed’s minions to buy and intimidate our weak and greedy members of Congress, as they are the agents that wages the elites war against the American people, and for that matter, the people of Europe and the Middle East.

Yes indeed, inside American and European governments, from presidents to Prime Ministers to Congress and European Parliaments, and yes even the Supreme Courts have been waging relentless and frequent wars against the people and been doing it for decades. Ever ask yourself why Chief Justice Roberts deems corporations as citizens for elections purposes but not for the purpose of jailing its executives and boards when corporations commit crimes? Why the US Attorney General says bringing criminal charges for criminal acts perpetrated by bankers could bring down our economies? Really? How does that work in practical senses? We hook up a few of the Big Five CEOs and the world economy collapses?

When we say war, just what do we mean by that exactly? Let us go over some of these wars. I am sure we all know the War on Poverty that Lyndon Johnson announced in his State of the Union Address on January 8, 1964. Close to $800 billion has been spent on this war, a war with the intention to alleviate the poverty in America. Well, are we winning the War? The American people as taxpayers are losing the war and poverty is winning. After some 50 years the poverty line is still around 19% and it is unlikely that we will see any improvement in our lifetime.

With an average of $35 billion a year being spent as part of the War on Poverty, including some innovative program names such as Great Society, VISTA, Job Corps, Head Start, there are now, according to 2012 figures some 43 million American living below poverty line, 47 million people on food stamps, including some 2.9 million children who are homeless, and 1.5 million Americans living on less than $2 a day. What is Congress’ solution? Cut the food stamp program and Head Start!

Now let’s take a look at the War on Drugs, which seems our government is winning by keeping this war raging on Americans, especially poor Americans. Richard Nixon declared his War on Drugs back in 1971 and while the different drug fighting agencies and the military spend tens of billions, drugs continue to flow into the US and our prisons are filled almost to capacity. We are number 1 in the world with the highest percentage of incarcerated population with over 2.3 million in jail, and our most economically disadvantaged young black and brown youth bearing unequally the highest percentage of those incarcerated.

While our nation schools are run down and in desperate need of repairs and expansion, our national budget for prisons exceeds $60 billion annually, with some $5 billion allocated to building new prisons as part of the “privatization” programs which are giving private corporations the funds and the profits to the tune of $24,000 per prisoner. Drugs are winning, we citizens are losing our treasure, our children and our future and our governments (Federal and state) and its partners are winning with profits and asset seizures. This, as more and more stories reveal, allow our government to keep supporting the Taliban, Mexican and Columbian Drug cartels, and the Afghan heroin trade, which in turn funds the different “black box operations”. One simple fact is to check out how fast poppy production in Afghanistan has increased since we invaded that country. I rest my case.

America’s wars against its citizens do not stop at poverty and drugs, it goes beyond that to affect some 45 million of uninsured Americans, with millions mainly in the poorest state such as West Virginia, Mississippi, Kentucky, North and South Carolina are unable to afford visiting a health or dental clinic for years. Medical expenses are the biggest factor in the ever increasing number of people declaring bankruptcy. Yet the very representatives of these states in the House and Senate votes tens of billions in aid to Israel, a country that enjoys much better health care than most Americans. Why do the citizens of these states keep returning these corrupt representatives back to Congress without demanding funding for health care here at home?

Last, but certainly not least is the war on terrorism. This is the “Granddaddy” of them all. Some cost estimates are $10 trillion and counting. In a previous article, we tried to illustrate the meaning of “a trillion” of anything because we need to see numbers in terms we can understand what that really means. For example, a trillion seconds is 32,000 YEARS! So 10 trillion seconds is 320,000 YEARS! Hope that helps illustrate the perspective here.

Then there is the manufactured “crisis’s” that go along with the wars. We start with the Savings & Loan Association Crisis of 1980-1990 where 747 savings & loans went bust costing us poor taxpayers over $341 Billion. Then came the Junk Bond Crisis, where certain greedy bankers such as Drexel Burnham Lambert organized what is called a “leveraged buyout” of well-known companies, which simply meant looting them out of the cash they had and then making the stock worthless, and then finally offer these stocks as “junk bonds” to another groups of financial crooks. This crisis cost American taxpayers over $500 billion, not to mention the trillions of shareholders assets that went up in smoke.

Then we had the “Internet Bubble”.  Promoters with registered “corporate names” only and simple idea were able to raise tens of millions of dollars and the result was billions simply disappeared in what is known now as the “Internet Bubble” of 2003-2006.

When the crooks of Enron waged war on California, rigging electricity and energy prices causing California to almost go bust, Bill Clinton’s then Treasury Secretary Larry Summers simply refused to even consider the legitimate claims of Californians that Enron was rigging the prices. Secretary Summers did not believe the millions of consumers but he believed Enron. Enron employees who put their trust in the management and in the audit company and in the Federal Government who were bound to protect their interests, lost hundreds of millions of their 401Ks and of course their life time savings in company stocks that became worthless. Many simply lost everything, including their entire pension funds.

Then came the Auto crisis, with its government bailout that cost 40,000 out of 60,000 good paying jobs with employees losing most of their pension benefits. Then the Housing Crisis and we all know someone affected by the mess that continues to this day. Billions of hard earned savings invested in our homes up in smoke and the banks can’t even determine who really owns those mortgages anymore!

You see when you lay it all out like this, it is as obvious as a heart attack, is it not?  No need to go back to the Great Depression, but we only need to go back to the last 30 years or so and go over some of these campaigns against the American people. Government campaigns orchestrated by banksters, and corporate elite that robbed us of our savings, our pensions, our 401Ks, our shareholdings and investments in publicly traded companies, robbed us of the equity in our homes which for most Americans are the only true savings. Left us with crumpling schools and infrastructure, hopeless for a better future, our best and brightest youth dead or scarred for life because of endless wars that ripped their very souls out.

We don’t need to get angry. We don’t need to demand anyone’s head on a platter, because quite frankly there aren’t that many platters available and we have to honestly look in the mirror and ask ourselves why we let this go on for so long. You won’t like the answer.

However, it must stop now. We must right the ship and get back on course to the future of our true destiny as a civilization. Enough is enough! Those responsible for this carnage must be removed and where justified, stand before a jury of their peers to be judged and punished if necessary and it must start right now, today. Like calm responsible parents, we must stop this insanity before it is too late and everyone gets hurt even more. We simply have to get off our collective asses, accept the responsibility to make it right and do exactly what we did when it came to Syria. Let’s not stop now!

PS:  A little note to my friends who are comfortable and may even consider themselves a part of “the elite”, you are not. If you are not in the top ½%, you are just the gilded slaves. There is no immunity in war. Ask yourselves, “Do I have a ticket to a DUMB facility?” See what I mean?

It’s Time To DeFRAG Our Minds!

While there is much going on in the world, I haven’t been feeling the urge to write about it. Syria, the economy, the extreme weather events all seem part of the same old paradigm. Instead, I have felt compelled to go “inward” to really gauge what this conscious reality is saying to me. How should I be reacting to the outer world? The answers have been coming in fast and surprising ways. I realized I have been writing for years about waking up and seeing the world for what it is, but in fact I was still in the process of waking up myself.

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While I realized the banksters, politicians, and cabal groups were the core cause of our current condition, and their intentions were to control us like sheep, I really didn’t see why they were so successful in what was such obvious offenses against humanity. It is they play our emotions like a fiddle. I realized they created red flag operations and we all snapped in line with the response they wanted from us. Those emotions are fear, resentment, anger, and greed (FRAG).

We have to fear the terrorists, and yet an honest assessment of the past ten years would show that the military operations of the West in Iraq, Afghanistan, Libya, Syria, Gaza, and Yemen, among others places, were responsible for more terror than any Jihadist or Hezbollah group inflicted. We were to fear the collapse of the economy after the banksters raped the economy, but in retrospect, we should have feared the effects of TARP and QE1-3 instead. If we would have let the “too big to fail banks” fail, we would have been a long way down the road to having built a lasting and equitable economy with real jobs and real futures by now. Instead, these actions (TARP and the QEs) and the actions of the ECB have inflicted more damage as they enforced their austerity plans. There are more unemployed, more poverty, and more people dependent on assistance now than ever before. So I have no fear now. I know that we, as a people, can and will make these people responsible for their actions. They, the politicians, banksters, and so-called hidden minions dictating these actions need to stand accountable in the appropriate courts. Book’em Dano!

The so-called media has taught us to resent the very people who are suffering the most. They are,  after all, lazy, a drain on our society, the reason we are all suffering. No I don’t buy into that argument, because if I did, “they” are now a majority! No, I have no resentment, not even for the 1 ½% who are responsible, because we never stood up and said no. However, it is over. No more games. No more blood and treasure to be spent on wars and conflicts. It is time to rebuild the things that really count like education, infrastructure, health care, and housing world- wide.

We are taught by the media to be angry at everyone who is not “like us”. Christians and Jews have to hate Muslims and vice versus, whites have to hate blacks, Asians have to hate Anglos, Americans have to hate Mexicans. Cowboys have to hate Indians, and so on it goes. The only person I should be angry at is myself for buying into the crap, but wait I’m not angry at myself because I realize I am the only one who can change this. I have figured it out and with love of myself and all others, I am going to fix this!

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Greed is, as the saying goes, the root of all evil and it is. We have seen how the greed, when uncontrolled brings down everything. The vulgar greed we have witnessed with bankers, politicians, and sheikhs should be a clear example to all of us that what we really “NEED” is good housing, good health care, adequate food and clean water so that we may all pursue those things we would like to do with passion.

What we have seen with the situation in Syria is that when we collectively say “Hell No!”, it works! David Cameron got the first NO from parliament since the eighteen century! Obama knew better than to even try to go it alone. We did that. We, as a collective “WE”, projected our will and we won. This is a peek at the power we all have. Now is the time to defrag our minds and exert our will. I have the utmost confidence that as the collective we have a lot better vision of what this world can be than do the banksters, politicians, and NWO cabal. It is time we issue the “Cease and Desist” order and take control of our own destinies. What say you?